Monthly Indicators

July 2017 Quick Facts

If youre looking to buy a home in Indiana, you probably noticed youre not the
only one house hunting in what may feel like the battle of best offers.
+ 1.1% + 5.5% - 13.1%
According to the National Association of REALTORS Housing Pulse Survey, One-Year Change in One-Year Change in One-Year Change in
84 percent of Americans now believe purchasing a home is a good financial Closed Sales Median Sales Price Homes for Sale
decision. Thats the highest since 2007.

The statewide housing markets story has remained remarkably consistent for A research tool provided by the Indiana Association of REALTORS.
Percent changes are calculated using rounded figures.
several months: There are too few houses for sale and prices keep going up,
up, up. Average sales price increased 5.8 percent from a year ago to
$183,816. And each seller, on average, is closing the sale for 96.4 percent of Market Overview 2
their original list price. New Listings 3
Pending Sales 4
Inventory crunches almost caught up to sales gains in July. Closed sales
Closed Sales 5
narrowly edged up 1.1 percent from a year ago. New listings are down 0.2
percent, while overall inventory stands 18.0 percent lower. That leaves Indiana Median Sales Price 6
with an unyielding 4.1-month supply of properties at the current sales pace. Average Sales Price 7
Percent of Original List Price Received 8
Many would-be buyers are ready to make their move. But, they cant buy what Inventory of Homes for Sale 9
isnt for sale or has already sold. Folks who were sidelined this summer are Months Supply of Homes for Sale 10
enhancing the pent-up demand for housing, which doesnt seem to be waning.
This may be enough to delay the usual slowdown that happens as schools
start back up and the weather thinks about cooling off.

Current as of August 16, 2017. Data obtained from participating Multiple Listing Services (MLSs) and Broker Listing Cooperatives (BLCs). Report 2017 ShowingTime. | 1
Market Overview
Key metrics by report month and for year-to-date (YTD) starting from the first of the year.

Key Metrics Historical Sparkbars 7-2016 7-2017 Percent Change YTD 2016 YTD 2017 Percent Change

New Listings 10,528 10,512 - 0.2% 71,439 69,648 - 2.5%

7-2014 7-2015 7-2016 7-2017

Pending Sales 7,494 7,852 + 4.8% 52,480 53,816 + 2.5%

7-2014 7-2015 7-2016 7-2017

Closed Sales 8,297 8,388 + 1.1% 49,808 51,345 + 3.1%

7-2014 7-2015 7-2016 7-2017

Median Sales Price $145,000 $153,000 + 5.5% $139,000 $146,000 + 5.0%

7-2014 7-2015 7-2016 7-2017

Average Sales Price $173,658 $183,816 + 5.8% $165,268 $174,569 + 5.6%

7-2014 7-2015 7-2016 7-2017

Percent of Original
96.1% 96.4% + 0.3% 95.3% 95.9% + 0.6%
List Price Received
7-2014 7-2015 7-2016 7-2017

Inventory of Homes for Sale 34,479 29,957 - 13.1% -- -- --

7-2014 7-2015 7-2016 7-2017

Months Supply of
5.0 4.1 - 18.0% -- -- --
Homes for Sale
7-2014 7-2015 7-2016 7-2017

Current as of August 16, 2017. Data obtained from participating Multiple Listing Services (MLSs) and Broker Listing Cooperatives (BLCs). Report 2017 ShowingTime. | 2
New Listings
A count of the properties that have been newly listed on the market in a given month.

New Listings
July Year to Date Prior Year Percent Change

August 2016 10,395 10,606 -2.0%

September 2016 9,319 9,332 -0.1%
11,188 74,289 October 2016 8,335 9,106 -8.5%
10,528 10,512 71,439 69,648
November 2016 7,003 6,796 +3.0%
December 2016 4,710 5,241 -10.1%
January 2017 6,998 7,066 -1.0%
February 2017 7,960 8,244 -3.4%
March 2017 10,374 10,962 -5.4%
April 2017 10,454 11,414 -8.4%
May 2017 11,471 11,516 -0.4%

- 6.2% - 5.9% - 0.2% + 1.7% - 3.8% - 2.5% June 2017 11,879 11,709 +1.5%
July 2017 10,512 10,528 -0.2%
12-Month Avg 9,118 9,377 -2.8%
2015 2016 2017 2015 2016 2017

Historical New Listings by Month

18,000

16,000

14,000

12,000

10,000

8,000

6,000

4,000
01-2005 01-2006 01-2007 01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017

Current as of August 16, 2017. Data obtained from participating Multiple Listing Services (MLSs) and Broker Listing Cooperatives (BLCs). Report 2017 ShowingTime. | 3
Pending Sales
A count of the properties on which offers have been accepted in a given month.

Pending Sales
July Year to Date Prior Year Percent Change

August 2016 7,902 7,371 +7.2%

September 2016 7,072 6,909 +2.4%
52,480 53,816 October 2016 6,390 6,320 +1.1%
7,494 7,852 49,371
7,459 November 2016 5,615 5,387 +4.2%
December 2016 4,606 4,810 -4.2%
January 2017 5,453 5,219 +4.5%
February 2017 6,422 6,471 -0.8%
March 2017 8,090 8,125 -0.4%
April 2017 8,353 8,426 -0.9%
May 2017 8,851 8,393 +5.5%

+ 5.9% + 0.5% + 4.8% + 10.8% + 6.3% + 2.5% June 2017 8,795 8,352 +5.3%
July 2017 7,852 7,494 +4.8%
12-Month Avg 7,117 6,940 +2.6%
2015 2016 2017 2015 2016 2017

Historical Pending Sales by Month

10,000

9,000

8,000

7,000

6,000

5,000

4,000

3,000
01-2005 01-2006 01-2007 01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017

Current as of August 16, 2017. Data obtained from participating Multiple Listing Services (MLSs) and Broker Listing Cooperatives (BLCs). Report 2017 ShowingTime. | 4
Closed Sales
A count of the actual sales that closed in a given month.

Closed Sales
July Year to Date Prior Year Percent Change

August 2016 8,524 7,703 +10.7%

September 2016 7,736 7,282 +6.2%
8,476 8,297 8,388 October 2016 7,127 6,916 +3.1%
49,808 51,345
46,524 November 2016 6,546 5,355 +22.2%
December 2016 6,714 6,464 +3.9%
January 2017 4,521 4,299 +5.2%
February 2017 4,725 4,831 -2.2%
March 2017 7,485 6,615 +13.2%
April 2017 7,388 7,485 -1.3%
May 2017 8,990 8,933 +0.6%

+ 8.6% - 2.1% + 1.1% + 9.6% + 7.1% + 3.1% June 2017 9,848 9,348 +5.3%
July 2017 8,388 8,297 +1.1%
12-Month Avg 7,333 6,961 +5.3%
2015 2016 2017 2015 2016 2017

Historical Closed Sales by Month

12,000

10,000

8,000

6,000

4,000

2,000
01-2005 01-2006 01-2007 01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017

Current as of August 16, 2017. Data obtained from participating Multiple Listing Services (MLSs) and Broker Listing Cooperatives (BLCs). Report 2017 ShowingTime. | 5
Median Sales Price
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

Median Sales Price

July Year to Date Prior Year Percent Change

August 2016 $140,000 $137,000 +2.2%

September 2016 $142,900 $132,500 +7.8%
$146,000
$139,000 October 2016 $138,200 $130,000 +6.3%
$153,000 $133,500
$145,000 November 2016 $137,500 $130,000 +5.8%
$140,000
December 2016 $139,000 $129,900 +7.0%
January 2017 $132,888 $124,900 +6.4%
February 2017 $132,500 $125,000 +6.0%
March 2017 $139,900 $134,000 +4.4%
April 2017 $144,000 $136,000 +5.9%
May 2017 $150,000 $143,000 +4.9%

+ 6.1% + 3.6% + 5.5% + 6.8% + 4.1% + 5.0% June 2017 $156,500 $147,900 +5.8%
July 2017 $153,000 $145,000 +5.5%
12-Month Avg* $143,900 $135,900 +5.9%
2015 2016 2017 2015 2016 2017
* Median Sales Price for all properties from August 2016 through July 2017. This is
not the average of the individual figures above.

Historical Median Sales Price by Month

$160,000

$140,000

$120,000

$100,000

$80,000
01-2005 01-2006 01-2007 01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017

Current as of August 16, 2017. Data obtained from participating Multiple Listing Services (MLSs) and Broker Listing Cooperatives (BLCs). Report 2017 ShowingTime. | 6
Average Sales Price
Average sales price for all closed sales, not accounting for seller concessions, in a given month.

Avg. Sales Price

July Year to Date Prior Year Percent Change

August 2016 $169,473 $163,923 +3.4%

September 2016 $171,854 $158,806 +8.2%
$183,816 $174,569 October 2016 $165,124 $155,800 +6.0%
$170,274 $173,658 $160,284 $165,268
November 2016 $164,542 $158,175 +4.0%
December 2016 $167,712 $156,930 +6.9%
January 2017 $160,294 $150,731 +6.3%
February 2017 $159,248 $148,978 +6.9%
March 2017 $166,710 $157,116 +6.1%
April 2017 $169,427 $161,094 +5.2%
May 2017 $178,298 $169,620 +5.1%

+ 7.1% + 2.0% + 5.8% + 6.3% + 3.1% + 5.6% June 2017 $186,924 $177,757 +5.2%
July 2017 $183,816 $173,658 +5.8%
12-Month Avg* $171,808 $162,701 +5.6%
2015 2016 2017 2015 2016 2017
* Avg. Sales Price for all properties from August 2016 through July 2017. This is not
the average of the individual figures above.

Historical Average Sales Price by Month

$200,000

$180,000

$160,000

$140,000

$120,000

$100,000
01-2005 01-2006 01-2007 01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017

Current as of August 16, 2017. Data obtained from participating Multiple Listing Services (MLSs) and Broker Listing Cooperatives (BLCs). Report 2017 ShowingTime. | 7
Percent of Original List Price Received
Percentage found when dividing a propertys sales price by its original list price, then taking the average for all properties sold
in a given month, not accounting for seller concessions.

Pct. of Orig. Price Received

July Year to Date Prior Year Percent Change

August 2016 95.6% 94.8% +0.8%

September 2016 95.4% 94.4% +1.1%
October 2016 95.0% 94.2% +0.8%

95.3% 95.9% November 2016 94.9% 93.9% +1.1%

94.9% 96.1% 96.4% 94.4%
December 2016 94.5% 93.7% +0.9%
January 2017 94.2% 93.4% +0.9%
February 2017 94.7% 93.8% +1.0%
March 2017 95.2% 94.6% +0.6%
April 2017 96.1% 95.2% +0.9%
May 2017 96.5% 95.9% +0.6%

+ 0.3% + 1.3% + 0.3% + 1.2% + 1.0% + 0.6% June 2017 96.7% 96.2% +0.5%
July 2017 96.4% 96.1% +0.3%
12-Month Avg* 95.6% 94.9% +0.7%
2015 2016 2017 2015 2016 2017
* Pct. of Orig. Price Received for all properties from August 2016 through July 2017.
This is not the average of the individual figures above.

Historical Percent of Original List Price Received by Month

98.0%

96.0%

94.0%

92.0%

90.0%

88.0%

86.0%
01-2005 01-2006 01-2007 01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017

Current as of August 16, 2017. Data obtained from participating Multiple Listing Services (MLSs) and Broker Listing Cooperatives (BLCs). Report 2017 ShowingTime. | 8
Inventory of Homes for Sale
The number of properties available for sale in active status at the end of a given month.

Homes for Sale

July Prior Year Percent Change

August 2016 34,283 41,240 -16.9%

September 2016 33,539 40,273 -16.7%
October 2016 32,431 39,219 -17.3%
41,023 November 2016 30,826 36,911 -16.5%
34,479 December 2016 27,728 33,339 -16.8%
29,957 January 2017 27,320 32,804 -16.7%
February 2017 26,978 32,353 -16.6%
March 2017 27,375 32,679 -16.2%
April 2017 27,751 33,130 -16.2%
May 2017 29,135 33,834 -13.9%
June 2017 29,219 34,336 -14.9%
- 9.9% - 16.0% - 13.1%
July 2017 29,957 34,479 -13.1%
12-Month Avg 29,712 35,383 -16.0%
2015 2016 2017

Historical Inventory of Homes for Sale by Month

90,000

80,000

70,000

60,000

50,000

40,000

30,000

20,000
01-2007 01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017

Current as of August 16, 2017. Data obtained from participating Multiple Listing Services (MLSs) and Broker Listing Cooperatives (BLCs). Report 2017 ShowingTime. | 9
Months Supply of Homes for Sale
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

Months Supply
July Prior Year Percent Change

August 2016 4.9 6.2 -21.0%

September 2016 4.7 6.1 -23.0%
6.2 October 2016 4.6 5.9 -22.0%
November 2016 4.3 5.6 -23.2%
5.0 December 2016 3.8 5.0 -24.0%
4.1 January 2017 3.8 4.9 -22.4%
February 2017 3.7 4.8 -22.9%
March 2017 3.8 4.8 -20.8%
April 2017 3.8 4.8 -20.8%
May 2017 4.0 4.9 -18.4%
June 2017 4.0 4.9 -18.4%
- 16.2% - 19.4% - 18.0%
July 2017 4.1 5.0 -18.0%
12-Month Avg* 4.1 5.2 -21.2%
2015 2016 2017
* Months Supply for all properties from August 2016 through July 2017. This is not
the average of the individual figures above.

Historical Months Supply of Homes for Sale by Month

14.0

12.0

10.0

8.0

6.0

4.0

2.0
01-2007 01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017

Current as of August 16, 2017. Data obtained from participating Multiple Listing Services (MLSs) and Broker Listing Cooperatives (BLCs). Report 2017 ShowingTime. | 10